IRET's annual report on Form 10-K for the fiscal year ended April 30, 2014, will be filed with the Securities and Exchange Commission on Monday, June 30, 2014. The Company will also post on its website that day, and furnish via a Current Report on Form 8-K, an earnings release summarizing the financial and operational results reported in more detail in its Form 10-K, and providing certain additional supplemental operating and financial data. The complete earnings release, along with the Supplemental Operating and Financial Data package, will also be available directly at the following web page no earlier than 4:30 p.m. ET on Monday, June 30, 2014:

During the conference call, IRET senior management will discuss the fiscal year 2014 financial and operational results reported in the Form 10-K and earnings release, and will respond to questions from analysts, investors and the public. The call will be limited to one hour, including questions and answers.

Conference call access information is as follows:

USA Toll Free Number

1-888-317-6016

International Toll Free Number

1-412-317-6016

Canada Toll Free Number

1-855-669-9657

The Conference Call is also available online on a listen-in only basis. To access the call live, go to IRET's website, http://www.iret.com, click on the 4th Qtr Fiscal 2014 Earnings Call link under Quick Links and register.

Conference replay will be available one hour after the end of the conference through July 16, 2014 at 9:00 a.m. Eastern Time. Replay access information is as follows:

USA Toll Free Number

1-877-344-7529

International Toll Free Number

1-412-317-0088

Canada Toll Free Number

1-855-669-9658

Conference Number

10047759

A webcast and transcript of the call will be archived on the "Investor Info/ Presentations & Events" page of IRET's website, http://www.iret.com, for one year. Questions regarding the conference call should be directed to IRET Investor Relations at landerson@iret.com.

About Investors Real Estate Trust

Investors Real Estate Trust is a self-advised equity real estate investment trust. Its business consists of owning and operating income-producing multi-family residential and commercial properties located primarily in the upper Midwest states of Minnesota and North Dakota. Investors Real Estate Trust is based in Minot, North Dakota, and has additional offices in Minneapolis, Minnesota and St. Cloud, Minnesota.

Forward-Looking Statements

Certain statements in this press release are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from projected results. Such risks, uncertainties and other factors include, but are not limited to: fluctuations in interest rates, the effect of government regulation, the availability of capital, changes in general and local economic and real estate market conditions, competition, our ability to attract and retain skilled personnel, and those risks and uncertainties detailed from time to time in our filings with the Securities and Exchange Commission, including our 2013 Form 10-K. We assume no obligation to update or supplement forward-looking statements that become untrue because of subsequent events.

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